global pay artefacts related to external context do not deal with?
(a) local product market condition
(b) local labour market condition
(c) legal environment unions
(d) cultural norms and values
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(c) legal environment unions
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Global pay artifacts related to external context do not deal with legal environment unions.
Option: (c)
Explanation:
- There are various global factors that affect business and international compensation practices differ widely across organizations.
- The compensation systems are designed and aligned with the strategies of an organization.
- The structure of the enterprise can be affected by culture, norms, and values. The international pay structures can vary according to the social, cultural, and political environment of the enterprise.
- They could be forced to adapt and follow certain procedures due to the external factors.
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